Overview

• An IMF mission opened policy discussions in Islamabad for the second review of the $7 billion EFF and the first review of the $1.4 billion RSF.
• Finance Minister Muhammad Aurangzeb chaired the kick-off meeting with senior economic officials, with the IMF sharing photos confirming the session.
• Islamabad is pursuing release of the next $1 billion tranche and has asked that flood-related economic damage be reflected in programme parameters.
• Talks cover fiscal performance, revenue collection, spending discipline, anti-money-laundering steps, and the delayed Governance and Corruption Risk Assessment Report.
• Pakistan has received more than $2 billion under the EFF, and a successful review could lead to IMF Board approval of about $1 billion by the end of next month.